Product Cost Report-Weighted Average Method Gomez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June 2016 were as follows: Cost of beginning inventory Direct material $13,750 Conversion costs 31,850 Costs added in Department 1. Direct material $559,175 Direct labor 895,750 Manufacturing overhead 388,500 1,843,425 Department 1 handled the following units during June: Units in process, June 1 2,000 Units started in Department 1. 45,000 Units transferred to Department 2 46,000 Units in process, June 30 1,000 On average, the June 1 units were 40% complete; the June 30 units were 70% complete. Direct materials are added at the beginning of the process, and conversion costs occur evenly throughout t Required Prepare the product cost report for Department 1 for June. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Gomez Manufacturing Corporation Department 1 Flow of Units and Equivalent Units Calculations, June 2016 Equivalent Units % Work Direct % Work Done Materials Done Complete/Transferred Ending Inventory Total Conversion Costs Product Cost Report Direct Materials Conversion Costs Beginning Inventory Current Total Costs to Account For + Total Equivalent Units Average cost / Equivalent unit (round four decimal places) Complete / Transferred: Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated